The Law suits against Bank of America and Countrywide whom they purchased, with respect to their miss management of their mortgage portfolio may be a bigger concern especially if wikilieaks has information substantiating criminal actions in this regard.I have found Bank of America to be grossly incompetent when it comes to modifications and in my opinion borderline criminal but if their unbelievable lack of concern for their customers turns out to be intentional and criminal they will pay the price. i would not have my money with the Bank of America.

Since you may not influence the BPO here is something might want to hand to the BPO agent get comps usually homes that have sold in the last 30 days and similar to size and a 1 Mile radius in differance.

Even if you buy a 70% of the current value, which as we know is difficult, then you're in the hole if you need to sell, after including selling expenses.Yes, it influences my thinking.

now, maybe this is your way of saying (without saying direclty) that you know what's goin on to some people..in that case, preach on...i dont think most people concentrate on the number of deals done though...it's like influence..there are some point whores on this board who will do anything to boost their influence...does that mean they're an expert in RE?

You can have the end buyer put up a substantial down payment that is non refundable and then enter into a lease with them for the 90 days so that they can immediately get into the property.

I understand amortization, interest rates, etc. and how they influence payments of an annuity.

This, however, was consistent with what was happening at the time.While I think the bias is for rates to move up somewhat over the next 24 months, I do not think there will be enough gas thrown on the economy to merit any substantial moves.

Hi John,unfortunately, a LLC doesn't save you from paperwork - quite the contrary.You still need all your receipts to substantiate your expenses to the IRS (if it comes to defending an audit).You definitely want to have separate accounts to show that the LLC is indeed a distinct entity and you definitely do not want to mix your and the LLC moneys.Mixing personal and business funds more or less automatically kills the point and benefit of the LLC since it needs to documented as a separate, business entity.There's a ton of LLC related discussions on BP, plus I found the NOLO books on dealing with Tax for Landlords to be outstanding.You have plenty of time to ramp up on this aspect.Get a bunch more rentals under your belt to build up your net worth.

Vegas and Phoenix have both witnessed a substantial increase in the average purchase price as a percent of ARV and profit margins are quite a bit tighter now compared to a year ago.

And what J said about being consistent.Wouldn't influence my decision, though.